Cost of Living in Warrick County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Warrick County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Warrick County ranks #1,459 of 3,144 counties for affordability (top 46%)
Data Story
About Cost of Living in Warrick County, Indiana
Warrick County balances higher costs with strong incomes
Renters spend 12.7% of their income on housing, well within the sustainable 12-15% range despite paying $1,008 monthly rent—Indiana's highest. The key: median household income of $95,027 is 27% above the national median, making higher costs proportionate to earnings.
Highest incomes, highest rents in Indiana
Warrick County's 12.7% rent-to-income ratio ranks among Indiana's best despite having the state's highest rents and home values. The county's median income of $95,027 far exceeds the state average, allowing residents to absorb higher housing costs comfortably.
Premium living in the region
Warrick County's $1,008 rent and $1,127 homeowner costs are substantially higher than all peer counties—$44 and $264 above the next-highest, respectively. However, its median income of $95,027 is also the region's strongest, justifying the premium.
Higher costs, but proportionate incomes
Monthly rent averages $1,008 while homeowner costs run $1,127 against median household income of $95,027. Though housing consumes 12.7% of income, the high earnings mean families have more discretionary income than lower-wage counties.
Warrick County rewards higher earners
If you're relocating with a strong income, Warrick County's higher housing costs buy access to pricier homes ($228,900 median) and more affluent communities. The 12.7% rent-to-income ratio confirms that costs remain manageable for households earning near $95,000.
Cost of Living Advisory: Warrick County
Affordability Verdict
Warrick County offers affordable rental housing at a median of $1,008/month — about 12.7% of the typical household income here.
Rent vs. Own
At $1,008/month rent versus $1,127/month in owner costs, renting is roughly $119/month cheaper — a 11% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,320/year. For owner costs at the 28% rule, the required income is roughly $48,300/year. With a median household income of $95,027, most households can comfortably afford rent here. Notably, 23.0% of renter households in Warrick County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Shelby County where rent averages $956/month, Warrick County is approximately 5% more expensive.
Affordability Calculator
See how your income compares to housing costs in Warrick County
Rent Burden
12.7%
of gross income
Max Housing (28% Rule)
$2,217
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Warrick County
Median home value is $228,900. Estimated monthly cost: $1,827 vs. your max of $2,217.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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